Jinal Mehta to be new MD of Torrent Power

Ahmedabad-based Torrent Power Ltd, appointed Jinal Mehta as managing director. In a major management rejig, the Sudhir Mehta (63), relinquish his position as Executive Chairman of the Board of Directors and the company, while his younger brother Samir Mehta who is currently the 'Vice Chairman' of the company took over as the new Chairman.

Elevation of Jinal Mehta, who is currently a whole-time-director in the company is considered to be a planned succession after his father and Chairman Sudhir Mehta decided to relinquish his position as Executive Chairman of Torrent Power Ltd.

Jinal (35), did his Bachelor of Business Studies (BBS) and Master of Business Administration (MBA) in International Business and Finance from University of Technology Sydney (UTS), Australia, has more than 11 years of experience in the power sector in both generation and distribution segments.

Credited for successful implementation of the DGEN project, Jinal is widely known in the industry for turning around the operations in Ahmedabad and Surat distribution areas, making drastic reduction of AT&C losses at Agra operations and renewal of distribution franchise agreement with MSEDCL for distribution of power in Bhiwandi Circle for a further period of 10 years.